Jun. 1 at 11:23 AM
$TMHC TMHC experienced a significant increase of 21% after Berkshire Hathaway agreed to purchase the homebuilder for approximately
$8.5 billion in an all-cash transaction. Berkshire will pay
$72.50 per share, which is a 24% premium compared to TMHC's closing price of
$58.
This could be a good sign for long term investment of severely beaten down housing sector. I can't quite pick the winners, so I'm just going with
$NAIL.
$MTH $PHM $KBH are gaining on the news.
https://www.gurufocus.com/news/8893153/taylor-morrison-home-tmhc-surges-21-following-berkshire-hathaway-acquisition-announcement